Robot vacuum Roomba maker files for bankruptcy
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Roomba maker iRobot has filed for bankruptcy protection and will change its ownership, but your robot vacuum cleaners will probably be fine.
Despite being a pioneer in consumer robotics, iRobot failed to keep pace with rapidly advancing Chinese competitors. Brands such as Ecovacs successfully delivered cheaper, more technologically advanced robotic vacuum cleaners, leading many consumers to conclude that Chinese alternatives had overtaken Roomba in both performance and value.
Robot, the company that brought robotic vacuum cleaners into millions of homes worldwide, has filed for Chapter 11 bankruptcy protection after 35 years in business.
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